The price of Ryerson Holding Corp. (NYSE:RYI) shares last traded on Wall Street fell -1.31% to $20.30.
RYI stock price is now -21.70% away from the 50-day moving average and -31.98% away from the 200-day moving average. The market capitalization of the company currently stands at $697.10M.
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With the price target maintained at $45, BMO Capital Markets recently Downgraded its rating from Outperform to Market Perform for Ryerson Holding Corp. (NYSE: RYI)., while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, Leggio Karen Marie, Director bought 2,127 shares of the company’s stock on May 30 ’24. The stock was bought for $49,984 at an average price of $23.50. Upon completion of the transaction, the Director now directly owns 2,127 shares in the company, valued at $43178.1. An SEC document containing details of the transaction can be found on the SEC’s website. On May 02 ’24, Chief Operating Officer Burbach Michael bought 4,000 shares of the business’s stock. A total of $95,000 was incurred on buying the stock at an average price of $23.75. This leaves the insider owning 226,263 shares of the company worth $4.59 million. A total of 15.14% of the company’s stock is owned by insiders.
During the past 12 months, Ryerson Holding Corp. has had a low of $20.47 and a high of $44.70. As of last week, the company has a debt-to-equity ratio of 0.98, a current ratio of 2.09, and a quick ratio of 0.94. According to the stock market information, the enterprise value for the company is $1545815936, which is based on a 7.86 price-to-earnings ratio, a 25.34 price-to-earnings-growth ratio, and a beta of 1.61. The fifty day moving average price for RYI is $25.6524 and a two-hundred day moving average price translates $29.78885 for the stock.
The latest earnings results from Ryerson Holding Corp. (NYSE: RYI) was released for 2024-03-31. The net profit margin was 1.84% and return on equity was 10.31% for RYI. The company reported revenue of $1.24 billion for the quarter, compared to $1.41 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.87 percent.
